They are valuable no matter where you are in the process — before you start, if you're already established, and even if you're planning on selling or closing your business. What is a business plan? A business plan is a document that defines why you're in business, your goals, and how you will achieve them. It covers all major aspects of your business, including your financial plan, operations plan, marketing plan, and more.
The Bank of Thailand shall have the power to prescribe type and category of the capital funds as well as rule for the calculation of the capital funds of a financial institution.
The stipulation under the first paragraph may be issued for financial institutions in general to maintain their capital funds in proportion to their assets, liabilities, contingent liabilities or variables and any other risks in accordance with the size or type of assets, liabilities, contingent liabilities or variables and any other risk in aggregate of all types or for each type.
In the case where it becomes apparent that any financial institution has high risk exposure, the Bank of Thailand may order such financial institution to undertake any relevant action as deemed appropriate.
The said assets and securities shall be considered as a capital fund under this Act. Assets or securities under the first paragraph shall consist of: Section 34 No financial institution shall hold or possess, either directly or indirectly, shares of any companies in excess of the following ratios in accordance with the rule as prescribed in the notification of the Bank of Thailand: In the case where it is necessary, the Bank of Thailand shall have power to prescribe the maximum ratio of holding or possessing shares to be lower than the prescribed percentages under the first paragraph.
Such stipulation shall be notified at least fifteen days in advance of the effective date. In the case where it is necessary for a financial institution to hold or possess shares of any company as a result of debt restructuring, debt repayment, enforcement of debt, receipt of security for granting of credits or for the undertaking business of their supporting business, the Bank of Thailand shall have the power to grant permission to hold or possess shares exceeding the ratios stipulated under the first paragraph.
Such permission may be granted with rules.
Shares held by any related person of a financial institution shall be included as shares held or possessed by such financial institution in accordance with this Act.
The provision of this Section shall not apply to the third paragraph of Section Section 35 No financial institution shall hold or possess the following securities: Such permission may be granted with rules; 2 securities related to shares of such financial institution in accordance with the rule as prescribed in the notification of the Bank of Thailand.
Section 37 A financial institution shall open for business at its office, at least, on the date and time as prescribed in the notification of the Bank of Thailand except as permitted otherwise by the Bank of Thailand.
Such permission may be granted with any rule to be complied with.
A financial institution shall have traditional holidays in each year as prescribed in the notification of the Bank of Thailand. A financial institution shall announce date and time opening and closing for business in a public area at the office of such financial institution. Section 38 A financial institution shall announce information concerning interest rates, discount rates and any service charges whether known under different names, as well as any other information related to such financial institution in a public area at the office of the financial institution in order to make the public and customers contacting or using services in such office aware of such information.
Such financial institution shall report with a copy of the notices or such information to the Bank of Thailand in accordance with the rule as prescribed in the notification of the Bank of Thailand. The financial institution shall announce information under the first paragraph in any media in accordance with the rule as prescribed in the notification of the Bank of Thailand.
Section 39 For the purpose of consumer protection, the Bank of Thailand shall have power to prescribe the following matters in the notification for one or several types of financial institutions to comply with: In the case of guarantee of debt which having a specified due date and financial institutions have agreed to extend such due date to the primary debtor but is unable to settle within six months, the financial institutions shall notify the guarantor for acknowledgement; 4 requirements where juristic acts or contracts grant the sole right to financial institutions to amend the contract; 5 Disclosure of information related to financial institutions.
Section 40 A Financial institution shall notify and demonstrate methods as well as details of the calculation of annual rate of service charges to the public and customers applying for credits.
Annual rate of service charges under the first paragraph consists of all expenses the financial institution charges per annum from the public and customer in granting of credits including interests, discounts and service charges. The Bank of Thailand shall have power to prescribe in the notification the methods to calculate annual rate of service charges to be complied with by financial institutions.
The stipulation under the first paragraph may be in accordance with the type of deposits or borrowings, type of persons, type of deposit or borrowing documents, or type of instruments. Where it is necessary for the stability of a financial institution and for the examination of the financial institution examiner, the Bank of Thailand shall have power to prescribe for the financial institution to comply with the following matters: Section 42 For the purpose of rectification of economic conditions, the Bank of Thailand shall have power to prescribe in the notification on the following matters: Section 43 A financial institution shall obtain prior approval from the Bank of Thailand for the following activities: Section 44 Financial institutions except for credit fancier companies may accept deposits of money subject to withdrawal at the end of a specified period by issuing a certificate of deposit.
The certificate of deposit shall contain the following particulars: Section 46 Where it is deemed appropriate, the Bank of Thailand may prescribe the following matters in the notification for a financial institution to comply with: Any and all the monies, properties or other things whose values can be assessed in terms of money, which any depositor or other person receives from a financial institution, officer or employee of a financial institution, by reason of money deposits, borrowing money or receiving money, or which a financial institution, an officer or an employee of a financial institution receives by reason of the carrying on such business of the financial institution, shall be regarded as interests, discounts or service charges, as the case may be, provided that the service charges prescribed by the Bank of Thailand under 3 shall not be regarded as interests or discounts chargeable by the financial institution under 1.
The stipulation under the first paragraph may be provided in accordance with type of business, borrowing, accepting of money from the public, or other activities that financial institutions may demand or pay.Administrative Services | K Street, Lincoln, NE Security, Accessibility & Privacy Policies.
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